its average variable cost amounts to
Generally, The increase in income that comes about as a direct consequence of selling one more unit of production is referred to as the marginal revenue (MR). Even while marginal income may continue to grow at the same rate beyond a certain level of production, according to the law of diminishing returns, that growth will ultimately come to a halt as the amount of output continues to rise.
In conclusion, Suppose the company has a constant cost of $975 and produces 150 units of product. Its marginal income is $5, and its average variable cost is I The average revenue is $5. (ii) Price = $5 (iii).
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